Unity bosses sold stock days before development fees announcement::Unity executives sold thousands of shares in the weeks leading up to last night’s hugely controversial announcement it …
Unity bosses sold stock days before development fees announcement::Unity executives sold thousands of shares in the weeks leading up to last night’s hugely controversial announcement it …
It would be interesting to see if they buy more shares after this PR nightmare; sell shares high, drop pricing news, share price tanks, buy shares low.
Smells like insider trading and market manipulation to me (pump and dump followed by poop and scoop).
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I too receive vesting stock from my enterprise however I don’t agree about the September comment since September is historically the month when stocks perform the worst.
Typically executives will inform their investors of their plans to sell and the schedule (trading plan) for that as to not spook investors by the sudden sell and to not get slapped for insider trading (by scheduling far ahead, with a broker executing the plan on a set date).
It’s not clear whether that’s what has happened here but if those were stock selloffs without a trading plan, and the price dropped suddenly afterwards, it does indeed smell like insider trading.
Trade windows are often for 30 or so days after earnings reports. Unity’s Q2 shareholder letter was Aug 2nd this year. Could very well just be the usual trading window.